Bitcoin Falls Below $90,000 After Fed Rate Cut

Bitcoin and Ethereum, the world's largest cryptocurrencies, fell by nearly 3% on December 11.

This happened after the US Federal Reserve said they might not cut interest rates as much as people hoped, because of rising inflation and weaker jobs.

Bitcoin was trading at around $90,154, and Ethereum was at $3,193.

Other smaller cryptocurrencies also lost value.

Some experts say this drop could be a good chance for long-term investors to buy more.

They think the market needs time to cool down before it grows again.

However, others are worried that the market isn't stable yet and need more proof that the recent selloff is over.

Standard Chartered, a bank, also lowered their prediction for Bitcoin's price by the end of 2025.